While this pair has gone up quite a bit in the last 3 days, forming a Three White Soldiers formation within the up-channel, which could move it higher, I do think it is near the top of the range and I am therefore adding a pending sell order a few hundred pips higher, at 8.2300ish. Should my stop hold, I would look to take profit near the big level of 8.1000 or lower, depending on circumstances as they change.
Forex, investments, market tips, strategies, and financial discussions. Also, my personal diary containing details and observations from a bottom up perspective.
Wednesday, 23 October 2013
EURNOK At 8.1300 ~ At Supply?
While this pair has gone up quite a bit in the last 3 days, forming a Three White Soldiers formation within the up-channel, which could move it higher, I do think it is near the top of the range and I am therefore adding a pending sell order a few hundred pips higher, at 8.2300ish. Should my stop hold, I would look to take profit near the big level of 8.1000 or lower, depending on circumstances as they change.
Labels:
Daily Chart,
EUR/NOK,
Resistance,
Swing Trade,
technical analysis,
trend channel
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment